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Graham Roche, Director, Ireland at IQ-EQ delves into the introduction of the Alternative Investment Fund Managers Directive 2 (AIFMD 2), which marks a significant shift in the regulatory landscape for private credit funds in Europe.
Effective from 15th April 2024, the new AIFMD 2 framework harmonises loan origination rules across EU member states, impacting all EU-domiciled funds engaged in this activity – but will it be a bottleneck or a blessing for private credit managers?
The new regulation is most likely to impact Luxembourg and Ireland, as the second and third largest global fund domiciles respectively, and the two main centres for investment funds in Europe. For Luxembourg, which historically has had no specific rules for loan origination funds...
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